Oil Market Near Surplus as Tanker Rates Hold Firm

Oil on water hits highest level since 2020. Floating storage rises but far below pandemic peak. IEA warns surplus could reach 4 mbd...

Fire Triggers Major Emergency at Port of Los Angeles as Crew...

All 23 crew evacuated safely with no injuries reported. Hazardous materials were discovered in multiple cargo bays. Firefighters were barred from below deck...

Sanctioned Russia LNG Cargo Heads to Suez on Shadow-Fleet Vessel

Tanker linked to covert sanctions-evading fleet tracked near Suez. Shipping sector watches Red Sea risks after Houthi attacks. Russian LNG carriers choosing hazardous...

U.S.–China Hold Frank and Constructive Maritime Security Talks in Hawaii

China rejects U.S. freedom-of-navigation operations. Both sides review naval and air encounter cases. U.S. flags concerns over China’s moves near Taiwan. This week, the...

Drewry Tracker Warns of Rising Disruptions on Key Trade Lanes

The Drewry Cancelled Sailings Tracker is a weekly monitoring tool designed to help shippers, logistics managers and supply chain planners understand shifts in container...

NCFI Downturn Led by Steep Drop on Middle East Trade Lane

Global container shipping markets saw mixed performance this week, with the Ningbo Containerised Freight Index (NCFI) showing divergent trends across its major trade lanes,...

NOAA Marks Start of Construction on New Navigator Charting and Mapping...

 NOAA Marine and Aviation Operations will celebrate the keel-laying for Navigator, the second of two new charting and mapping vessels being constructed for...

New U.S. Sanctions Target the Backbone of Iran’s Oil Economy

The US issued a new round of sanctions Nov. 20, targeting companies, shipping facilitators and tankers it claims are involved in Iranian oil and...

DOJ Challenges Hawaii’s Green Fee After Cruise Industry Lawsuit

DOJ Cites Constitutional Limits on Vessel Charges. Cruise Industry Says Fee Unfairly Targets Ships. Hawaii Defends Green Fee as Climate Measure. The U.S. Department...

Russian Tanker Stalls After US Warship Intercepts Route Near Venezuela

Seahorse Makes U-Turn, Fails Twice to Reach Venezuela. Russian Vessel Supplying Vital Naphtha to Caracas. Venezuela Dependent on Imported Diluents for Heavy Crude. A...